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The Ready Meals Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Ready Meals is the increasing demand for Ready Meals in various industries.
This report on the Ready Meals Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Ready Meals Market. The report intends to present a thorough analysis of the Ready Meals Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Ready Meals Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Ready Meals Market are-
• Nestlé S.A.
• Conagra Brands Inc.
• The Kraft Heinz Company
• Chao Xiang Yuan Food Co. Ltd.
• BRF S.A.
• Green Mill Foods
• General Mills, Inc.
• Tyson Foods
• Nomad Foods Ltd.
• McCain Foods Ltd.
• Premier Foods plc
• Oetker Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies Ready Meals market value and growth drivers over the trend period of 2022-27. According to the report -
Ready Meals market is likely to witness a CAGR of 4.7% during the forecast period. The prime factors driving the ready meals market are ease of handling and storage, less effort to cook, and changing lifestyle of consumers.
Segment Analysis:
Based on by Product Type:
Based on the product type, the market is segmented as frozen ready meals, chilled ready meals, canned ready meals, and dried ready meals. The frozen ready meals segment dominated the market in 2021 and is expected to maintain its position during the forecast period. Increasing demand for convenience food across the globe along with rapid urbanizations is the major factor driving the growth of the frozen ready meals segment.
Based on Regional:
In terms of regions, Europe is estimated to be the largest market for ready meals during the forecast period. Busy and hectic lifestyle of consumers, huge participation of women as workforce, huge consumer base, and ease in preparation are the major factors that have led to the dominance of region in the global market. Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.
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